RenaissanceRe Holdings Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:15 pm EDT
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RenaissanceRe Holdings Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 1,835.99 million compared to USD 1,286.5 million a year ago. Net income was USD 202.83 million compared to net loss of USD 816.5 million a year ago. Basic earnings per share from continuing operations was USD 3.81 compared to basic loss per share from continuing operations of USD 19.27 a year ago. Diluted earnings per share from continuing operations was USD 3.8 compared to diluted loss per share from continuing operations of USD 19.27 a year ago.
For the nine months, revenue was USD 5,894.32 million compared to USD 3,029.89 million a year ago. Net income was USD 975.61 million compared to net loss of USD 1,518.14 million a year ago. Basic earnings per share from continuing operations was USD 20.17 compared to basic loss per share from continuing operations of USD 35.84 a year ago. Diluted earnings per share from continuing operations was USD 20.13 compared to diluted loss per share from continuing operations of USD 35.84 a year ago.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. The Company has two segments. The Property segment is comprised of catastrophe and other property reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Casualty and Specialty segment is comprised of casualty and specialty reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Company writes catastrophe reinsurance and insurance coverage protecting against natural and man-made catastrophes, such as earthquakes, hurricanes, typhoons and tsunamis, winter storms, freezes, floods, fires, windstorms, tornadoes, explosions and acts of terrorism, among others. Its subsidiaries include Renaissance Reinsurance Ltd., Validus Reinsurance Ltd. and others.
RENAISSANCERE HOLDINGS LTD. 
